A firm associated with Justin Sun is preparing to go public in the United States through a merger with SRM Entertainment. This development is tied to significant financial and strategic plans of the new company.
New Tron Inc.
According to an announcement made on Monday, the new company will be called Tron Inc. Once the merger is completed, Tron Inc. will debut a corporate treasury valued at approximately $210 million, designed to hold the Tron blockchain’s native cryptocurrency, TRX.
The new firm is adopting an approach similar to Strategy’s corporate crypto acquisition model. Tron founder Justin Sun is now an advisor to the newly formed company.
Tron as the Future of Financial Infrastructure
SRM CEO Rich Miller acknowledged that blockchain technology is gaining wider adoption globally.
He spoke of Tron’s position as an industry leader for cross-border settlement in USD-pegged stablecoin, stating that SRM perceives Tron as the “future of the world’s next generation financial infrastructure.” Tron boasts over 310 million international user accounts and average daily transactions exceeding $20 billion.
Justin Sun's Connections with the US First Family
This deal further underscores the alleged close relations between Sun and the Trump family. Last month, he publicly confirmed that he owns the largest amount of Donald Trump’s TRUMP memecoin, stirring both celebration and scrutiny across crypto and political landscapes.
His connections include an invitation to an exclusive dinner with the US president and a recognition with the “Trump Golden Torbillon.” Sun also invested $75 million in the Trump family-backed DeFi project, World Liberty Financial.
The merger linking Tron and SRM Entertainment could have a significant impact on the cryptocurrency market and financial infrastructure, highlighting the growing influence of blockchain technology on the global economy.
